Replies to post #306360 on Bioelectronics Corp (BIEL)

[srinsocal]

Pretty simple, BIEL currently has no cash to buy stock

<<<<<<<<<< why the management doesn't buy the stock now >>>>>>>>>>

KW (IBEX) holds over $6 million in BIEL debt that she has been Rolling Over to prevent dilution and the need for an AS increase.

St John's holds over $3 million in BIEL debt that they have been Rolling Over to prevent dilution and the need for an AS increase. All new 2022 loans have been 'Interest Only'.

Rick Staelin holds over $800k in debt that he has been Rolling Over to prevent dilution and the need for an AS increase. All new 2022 loans have been 'Interest Only'.

IBEX and St John's have forgone, as in erased not deferred, $2.5 million in Interest over the last 3 years.

These and other actions show that BIEL management is serious about making BIEL profitable and that BIEL is not your average 'Pink Sheet' company.

[art2426]

"Personally I have enough invested in convertible notes".

Yes, the ones that her and 'family' can convert to 50% discounted priced stock which gives them double the shares at conversion. This is a family business and will always be IMO a self serving 'family business' with no desire to enrich anybody else but themselves.

But anyway, GO KELLY! -- LOL!!